RoyalStern Review: Another Scam Broker? Let’s Find Out!

Is RoyalStern Legit or Scam?

RoyalStern is a scam broker and should not be trusted with your money. This article will outline the numerous red flags that expose their deceptive practices and why you should avoid them at all costs.

Company Overview

Services or Products

RoyalStern offers various trading products, including forex, commodities, shares, indices, and crypto. However, these offerings are meaningless due to their lack of regulation and fraudulent practices.

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Trading Platform & Leverages

RoyalStern utilizes a proprietary trading platform, which raises concerns due to the lack of transparency and potential manipulation. Additionally, they offer leverage of up to 1:300, exceeding regulations in most jurisdictions and significantly amplifying risk for inexperienced traders.

Spreads and Cost of Trading

RoyalStern fails to disclose any information regarding spreads and other trading costs. This lack of transparency is a major red flag and indicates potential hidden fees.

License and Regulations

RoyalStern is not regulated by any reputable financial authority, including the Financial Conduct Authority  (FCA) (UK) or FINMA (Switzerland), as they falsely claim. This lack of regulation exposes traders to significant risks, including:

• No protection of funds: In case of company closure or fraudulent activity, traders have no legal recourse to recover their funds.
• Unfair trading practices: Unregulated brokers can manipulate platform settings and engage in other unfair practices to exploit traders.
• No dispute resolution mechanism: In case of conflicts, traders have no access to a fair and impartial system to resolve disputes.

Legal Warning Against RoyalStern

We strongly advise against depositing any funds with RoyalStern. Their deceptive practices, lack of regulation, and numerous red flags clearly indicate their fraudulent nature. If you have already deposited funds, consider contacting your bank or financial institution to initiate a chargeback.

Deposit and Withdrawal Methods

RoyalStern does not disclose any information regarding deposit and withdrawal methods. This lack of transparency further strengthens concerns about potential difficulties or even the impossibility of withdrawing funds.

RoyalStern Pros and Cons

Why Dealing With An Unlicensed Broker Is Risky

Dealing with an unlicensed broker like RoyalStern exposes you to numerous risks, including:

• Loss of funds: Unregulated brokers can easily disappear with your deposited funds without any legal repercussions.
• Unfair trading practices: They can manipulate platform settings, execute unauthorized trades, and engage in other deceptive practices to steal your money.
• No dispute resolution: In case of conflicts, you have no access to a fair and impartial mechanism to resolve the issue.
• Limited legal recourse: Recovering funds lost to an unregulated broker can be a complex and expensive legal battle with uncertain outcomes.

Client Feedback

There are no genuine client reviews available for RoyalStern, further raising suspicion about their legitimacy. The testimonials displayed on their website are likely fabricated to lure unsuspecting victims.

How Can “Reviewsadvice” Help You If You Get Scammed?

While “Reviewsadvice” cannot guarantee the recovery of lost funds, we can offer the following assistance:

• • Guide on reporting the scam to relevant authorities.
  • Connect you with resources and support groups for scam victims.

• Offer information on legal options and potential avenues for recovering your funds or you Can report to us today by the below form.